Mathematics, 28.11.2020 04:50, evazquez

Chris and Becky are comparing mortgages. The mortgage is for $183,500. If they choose 30 years at 5%, their monthly payment will be $985.07 with a total payback of $354,625.20. If they choose 20 years at 4.5%, their monthly payment will be $1160.91 with a total payback of $278,618.40. How much interest will be paid on each loan?

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Chris and Becky are comparing mortgages. The mortgage is for $183,500. If they choose 30 years at 5%...